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Press release from PR Newswire

ATK and General Dynamics Team to Offer Precision Extended Range Munition for United States Marine Corps 120mm Mortar System

Tuesday, October 04, 2011

ATK and General Dynamics Team to Offer Precision Extended Range Munition for United States Marine Corps 120mm Mortar System08:00 EDT Tuesday, October 04, 2011ATK-Led Team Will Leverage Expertise in Artillery Guidance, Propulsion, and WarheadsMINNEAPOLIS, Oct. 4, 2011 /PRNewswire/ -- ATK (NYSE: ATK) and General Dynamics Ordnance and Tactical Systems have signed a teaming agreement to offer a full-up solution for the United States Marine Corps' requirements for the rifled, 120mm Precision Extended Range Mortar (PERM).  PERM is integral to the USMC's Ship-to-Objective-Maneuver (STOM) contingency operations, which support Marine infantry units with precision, long-range (16 ? 20km) mortars fired from the Expeditionary Fire Support System (EFSS) towed-mortar platform.Under the terms of the teaming agreement, ATK will be the prime contractor to the USMC for the PERM Engineering and Manufacturing Development (EMD) program, providing guidance fuze technology combined with General Dynamics' propulsion and warhead subsystems. "By combining our proven mortar guidance capability with General Dynamics' propulsion technology and EFSS experience, we stand to offer the Marine Corps a low-risk, capabilities-based solution that will fulfill their requirements in the shortest time possible," said Bruce DeWitt, Vice President and General Manager for ATK's Advanced Weapons division. The Expeditionary Fire Support System is a light, mobile, and vertically transportable indirect fire support system designed for missions requiring tactical versatility, speed, and close-in fire support. The system is composed of a pair of Prime Mover vehicles, a 120mm M327 mortar weapon, the four-round family of munitions and an ammunition trailer. The EFSS is designed to be internally transportable in the MV-22B Osprey and the CH-53 helicopter and has been in fielded with the Marine Corps since 2009.ATK is an aerospace, defense, and commercial products company with operations in 22 states, Puerto Rico, and internationally, and revenues of approximately $4.8 billion.  News and information can be found on the Internet at www.atk.com. General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), is a world leader in the manufacture of large-, medium- and small-caliber direct and indirect-fire munitions, shaped charge warheads and propellants. It also manufactures precision metal components, and aerostructures in support of the tactical missile industry. For more information about General Dynamics Ordnance and Tactical Systems, please visit http://www.gd-ots.com/.More information about General Dynamics is available online at www.generaldynamics.com.Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved.  Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: challenges in developing new guided artillery projectiles; changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions.  ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.Media Contact:Investor Contact:Amanda CovingtonJeff HuebschenPhone: 801-779-4625Phone: 952-351-2929E-mail: amanda.covington@atk.com E-mail: jeff.huebschen@atk.comSOURCE ATK